Below a question is given with two statements (I) and (II). These statements may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statement. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements.
(I) Hopes of a quick turnaround in the economy have turned out to be quite premature in light of the latest set of economic data released on Friday.
(II) The Commerce and Industry Ministry reported that core sector output, which is measured by tracking the performance of eight major industries including cement, steel, and crude oil, contracted by a sharp 5.2% in September.
1
Statement (I) is the cause and statement (II) is the effect.
2
Statement (II) is the cause and statement (I) is the effect.
3
Both the statements (I) and (II) are independent causes.
4
Both the statements (I) and (II) are effects of independent causes.